Two UK tidal schemes win European NER300 funds but CCS loses out

Kyle Rhea, an 8MW array of tidal turbines between the Isle of Skye and Scottish mainland, will receive up to £15.0 million (€18.4 million). A 10 MW deep water array in the Sound of Islay was awarded up to £16.8 million (€20.7 million).

The European Commission confirmed that no carbon capture and storage projects had received funding, however, saying most had not been confirmed by member states.

The NER300 pot, from the sale of 300 million emission allowances in the new entrants reserve (NER) of the EU Emissions Trading System, will provide up to half the “relevant costs” of each project. Relevant cost is defined as the costs over and above proven technologies.